Saturday, February 26, 2011

Who Leads in Green Investment

How true, anyone following the advancing into growth economies over these years, especially the past decade, has followed others growth and the rapid decline of ours here in the U.S.. And we're suppose to have the new capitalist growth economy instilled in the past some three decades.

Global Investments In Clean Energy to Hit $240 Billion in 2011

02.24.11 - Who's missing from the lede of this Reuters story? It begins: "Brazil, China and India are expected to fuel global investments in clean energy in 2011 that are expected to reach $240 billion, the head of a United Nation's green economy initiative said on Wednesday." Three of the world's fastest-growing nations are doubling down on clean energy while the world's richest nation, well, isn't.

Despite the absence of the good ol' US of A's absence from the list of top investors in clean energy, this is good news nonetheless. If that $240 billion sum seems higher than usual, that's because it is -- the UN is projecting a significant uptick in clean energy investment from previous years in 2011.

Reuters reports that "The U.N.'s environmental unit (UNEP) said investment in renewable energy hit $180-$200 billion in 2010 up from $162 billion in 2009, driven by the three countries." So it's really nothing new to see the three foremost developing nations in the world leading the clean energy charge -- and to see the US still dragging its feet relatively speaking. {continued}

No comments:

Post a Comment